1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nimfa-mama [501]
2 years ago
12

Yocum Company purchased equipment on January 1 at a list price of $120,000 and received a $2,400 cash discount. Yocum paid $6,00

0 sales tax on the equipment, and paid installation charges of $1,760. Prior to installation, Yocum paid $4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?
Business
1 answer:
egoroff_w [7]2 years ago
8 0

Answer:

The correct answer is $129,360.

Explanation:

According to the scenario, the given data are as follows:

List price of equipment = $120,000

Cash discount = $2,400

sales tax = $6,000

Installation charges = $1,760

concrete slab = $4,000

So, we can calculate the total cost by using following formula:

Total cost = $120,000 - $2,400 + $6,000 +$1,760 + $4,000

= $129,360

You might be interested in
An entity has two long-term construction contracts, one of which qualifies for revenue recognition while the performance obligat
Morgarella [4.7K]

Answer: construction receivable

Explanation:

Accounts receivable management involves improving the collection process for efficiency, identifying the reasons for nonpayment and being proactive in reminding clients about their overdue accounts.

6 0
3 years ago
Read 2 more answers
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
olga_2 [115]

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date                Account                    DR.          Cr.

March 24         Cash                   $26,000    

                        Owner's Capital                  $26,000

September 8   Cash                   $6,500    

                        Account receivable           $6,500

Download xlsx
6 0
3 years ago
What were two most challenging educational experiences? Explain why they were challenging
Tresset [83]

to me it would actually have to be college course math because im not really good at trigonometry

3 0
3 years ago
With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the produc
Vadim26 [7]

True, With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale.

<h3>What is the difference between relationship selling and consultative selling?</h3>

The difference between relationship selling vs. consultative selling is that relationship selling consists of building a relationship with a customer over a long time and then relying on that relationship for sales as opposed to short-term gains and creating an interest in the customer in consultative selling

To learn more about relationship selling, refer

brainly.com/question/28120879

#SPJ4

4 0
1 year ago
100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost o
Pepsi [2]

Answer:

$4,650,000,000

Explanation:

We will use the formula below to calculate the enterprise value of Correct inc.

Enterprise value = Market value capital and debts - Cash and investments

= 100 million diluted shares × 37.50 per share + $1 billion of debt outstanding - $100 million cash

= $3750m + $1000m - $100m

= $4,650,000,000.

4 0
3 years ago
Other questions:
  • Recent technological advances have improved the productivity of labor and return on capital. These technological advances has re
    11·1 answer
  • A share of preferred stock for Marshall Manufacturing currently sells for $120. It offers the investor a dividend rate of 8%, on
    14·1 answer
  • Explain the role of producers and consumers in a free-enterprise economic system.
    5·1 answer
  • Empire Company is a manufacturer of smartphones. Its controller resigned in October 2017.
    12·1 answer
  • Which of the following statements about the capital asset pricing model (CAPM), which is the "father" of the security market lin
    14·1 answer
  • Scenario D: Theo, Diana, and Teddy, who work for different organizations, are comparing the diversity makeup of their respective
    12·1 answer
  • Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as bookkeeper. Dale wanted to atten
    11·1 answer
  • In the contracting process, a licensee must be careful to:__________
    7·1 answer
  • Make a budget of 2000 dollars for a grade six pupil​
    8·1 answer
  • Pam and Ralph work at a factory with a labor union. Pam and Ralph may have to
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!